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(fxcue news) - Indian shares opened a tad higher on Friday despite weak cues from other Asian markets. The benchmark S&P/BSE Sensex was up 293 points, or 0.4 percent, at 79,33 in early trade, after having suffered heavy losses in the previous session. The broader NSE Nifty index was up 113 points, or half a percent, at 24,027. Adani Group stocks traded mostly higher after Abu Dhabi's International Holding Company (IHC) reaffirmed its support for the Group, saying its outlook on investments in the group remains unchanged despite the U.S. indictment of the conglomerate's founder chairman Gautam Adani. Adani Enterprises, Adani Ports and Adani Power surged 2-4 percent while Adani Green Energy and Adani Energy Solutions both soared around 10 percent. Dr Reddy's Laboratories rose over 1 percent after launching Toripalimab in India for patients diagnosed with nasopharyngeal carcinoma. Pers Sun Pharma and Cipla both were up around 2 percent. PC Jeweller jumped 4 percent after announcing the record date for a stock split. State Bank of India edged up slightly. Its Chairman CS Setty said that the public sector lender is poised to touch the Rs 100 trillion mark in total business in the next financial year.

Sensex

Sensex

U.S. Consumer Price Growth Matches Estimates In October

Asian Markets Track Wall Street Lower

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Yen Rises Against Majors

U.S. Durable Goods Orders Rise 0.2% In October

Sensex

Japanese Market Slightly Lower

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Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

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Sensex

Sensex

U.S. Consumer Price Growth Matches Estimates In October

Asian Markets Track Wall Street Lower

European Economic News Preview: German Flash Inflation Data Due

Yen Rises Against Majors

U.S. Durable Goods Orders Rise 0.2% In October

Sensex

Japanese Market Slightly Lower

Please sign in

Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

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